Recording Purchase - Works Contract (Assam)

To record a works contract transaction

1.     Go to Gateway of Tally > Accounting Vouchers > F9: Purchase.

2.     Click F12: Configure.

3.     Enter Supplier Invoice No. and Date.

4.     Select the Party's A/c Name.

5.     Select Purchase Ledger from the List of Ledger Accounts.

6.     Select the Purchase - Works Contract as Classification/Nature in VAT Classification Details screen.

7.     Select the stock item, enter the Quantity and Rate.

8.     Press Enter to open the Works Contract Details screen.

o      Enter Description of Contract, Deduction for Labour Charges, and Other Allowable Deductions.

The Works Contract Details screen appears as shown below:

o      Press Enter to save.

9.     Select the VAT ledger.

10.  Press Esc to return to purchase invoice. The purchase invoice appears as shown below:

11.  Press Enter to save.